Open Demo Account
Home / Market Update / Commodities / Gold Settles Lower but Maintains $1,800 Level

Gold Settles Lower but Maintains $1,800 Level

M. Ali 16 July, 2020 11:49 pm Commodities, Market Update

Gold prices declined on Thursday to their lowest closing level in about a week, as the US Dollar (USD) strengthened despite the number of US jobless claims for last week exceeding market expectations.

However, the yellow metal was able to maintain the $1,800 level.

Gold futures for August dropped by 0.7% or $13.50 to settle at $1,800.30 per ounce.

Spot Gold is down by 0.79%, currently trading at $1,796.95 per ounce.

Tags

Check Also

U.S. Stocks Plummet as Trade Tensions with China Intensify

U.S. stock markets continued their downward spiral on April 11, 2025, unable to capitalize on …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends